Europe stocks close at fresh record highs; UK exits recession
Publishing timestamp: 2024-05-10 11:38:38
Summary
European markets closed higher on Friday with all major bourses in green, hitting fresh record highs. Positive momentum continued as investors anticipate interest rate cuts in Europe. U.K. economy emerged from recession, beating expectations. Homebuilders and consumer discretionary companies could benefit from potential rate cuts. Stocks like Getinge tumbled after FDA safety warning, while Iveco Group shares rose after strong earnings report. Global semiconductor industry expected to transform with Arm's AI PCs, offering opportunities for investors.
Sentiment: POSITIVE
Tickers: .FCHI, .HSI, MB-IT, .STOXX, GETI.B-SE&__SOURCE=OTS, .FTMIB, .FTSE, .GDAXI, IAG-GB,
Keywords: economic events, mediobanca banca di credito finanziario spa, international consolidated airlines group sa, business news, markets, stock markets, breaking news: europe,
Source: https://www.cnbc.com/2024/05/10/european-markets-live-updates-stocks-news-data-and-earnings.html